XML 41 R18.htm IDEA: XBRL DOCUMENT

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

6 Months Ended

Apr. 28, 2024

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

GOODWILL AND OTHER INTANGIBLE ASSETS - NET

(11) Goodwill and Other Intangible Assets – Net

The changes in amounts of goodwill by operating segments were as follows. There were no accumulated goodwill impairment losses.


	Production &		Small Ag		Construction
	Precision Ag		& Turf		& Forestry		Total
Goodwill at October 30, 2022	$	646	$	318	$	2,723	$	3,687
Acquisition		41						41
Translation adjustments		18		8		209		235
Goodwill at April 30, 2023	$	705	$	326	$	2,932	$	3,963

Goodwill at October 29, 2023	$	702	$	363	$	2,835	$	3,900
Translation adjustments		1		1		34		36
Goodwill at April 28, 2024	$	703	$	364	$	2,869	$	3,936

The components of other intangible assets were as follows:


	April 28		October 29		April 30
	2024		2023		2023
Customer lists and relationships	$	505	$	501	$	525
Technology, patents, trademarks, and other		1,404		1,387		1,397
Total at cost		1,909		1,888		1,922
Less accumulated amortization:
Customer lists and relationships		213		195		193
Technology, patents, trademarks, and other		632		560		507
Total accumulated amortization		845		755		700
Other intangible assets – net	$	1,064	$	1,133	$	1,222

The amortization of other intangible assets in the second quarter and the first six months of 2024 was $41 and $83, and for the second quarter and the first six months of 2023 was $45 and $84, respectively. The estimated amortization expense for the next five years is as follows: remainder of 2024 – $89, 2025 – $144, 2026 – $120, 2027 – $119, 2028 – $86, and 2029 – $73.